Amplify ETFs Completes Acquisition to Reach $9.1 Billion AUM Across 31 ETFs
January 29 2024 - 6:45AM
Amplify ETFs announced today it has completed its previously
announced acquisition of ETF Managers Group (ETFMG) exchange-traded
fund (ETF) assets, which consist of over $3.7 billion of assets
under management (AUM) across 14 ETFs (as of 1/26/2024). Amplify
ETFs will now manage $9.1 billion of AUM as of 1/26/2024.
“The completion of Amplify’s first sizable ETF acquisition
begins an exciting new chapter for our organization,” said
Christian Magoon, CEO of Amplify ETFs. “Since 2016, Amplify has
sought to develop innovative products that provide professionally
crafted access to unique market segments and investment strategies.
The addition of these ETFs is an extension of our existing product
development mandate and allows Amplify to significantly grow its
unique investor solution set.”
Magoon added, “We envision a brighter future for the acquired
ETFs as they both complement our existing product lineup and will
experience increased awareness and availability due to our current
momentum across national accounts, distribution, and marketing. We
look forward to engaging with investors on these timely market
segments and themes.”
Amplify ETFs finished 2023 at a record high ETF AUM and shares
outstanding. Amplify ETFs grew its AUM by 36% on the year,
outpacing the overall US ETF industry’s growth rate of 26%. The
completion of this acquisition positions Amplify in the top 13% of
ETF sponsors.*
“While working through the transaction this past year, we
remained committed to our overall mission of adding value to
investor portfolios,” said William Belden, President of Amplify
ETFs. “We launched three new ETFs in areas of the market that were
untouched or open for enhancement.”
Effective as of the close of business on January 26, the
following ETFMG ETFs have been reorganized into corresponding newly
created exchange-traded funds of Amplify ETFs.
Ticker |
Target Fund |
Acquiring Fund |
AIEQ |
AI Powered Equity ETF |
Amplify AI Powered Equity ETF |
AWAY |
ETFMG Travel Tech ETF |
Amplify Travel Tech ETF |
ETHO |
Etho Climate Leadership U.S. ETF |
Amplify Etho Climate Leadership U.S. ETF |
GAMR |
Wedbush ETFMG Video Game Tech ETF |
Amplify Video Game Tech ETF |
GERM |
ETFMG Treatments Testing and Advancements ETF |
Amplify Treatments Testing and Advancements ETF |
HACK |
ETFMG Prime Cyber Security ETF |
Amplify Cybersecurity ETF |
IPAY |
ETFMG Prime Mobile Payments ETF |
Amplify Mobile Payments ETF |
ITEQ |
BlueStar Israel Technology ETF |
Amplify BlueStar Israel Technology ETF |
IVES |
Wedbush ETFMG Global Cloud Technology ETF |
Amplify Global Cloud Technology ETF |
MJ |
ETFMG Alternative Harvest ETF |
Amplify Alternative Harvest ETF |
MJUS |
ETFMG U.S. Alternative Harvest ETF |
Amplify U.S. Alternative Harvest ETF |
SILJ |
ETFMG Prime Junior Silver Miners ETF |
Amplify Junior Silver Miners ETF |
|
|
|
On December 28, 2023, ETF Managers Capital LLC, as the sponsor
of ETF Managers Group Commodity Trust I, entered into an agreement
to resign as sponsor to the trust and transfer its role as the
sponsor to Amplify Investments LLC, effective soon after necessary
regulatory approval of the transfer. Amplify will serve as the new
sponsor of the Trust, which consists of two series: Breakwave Dry
Bulk Shipping ETF (BDRY) and the Breakwave Tanker Shipping ETF
(BWET).
Oppenheimer & Co served as the exclusive financial advisor
to Amplify ETFs in this transaction. Financial terms of the
transaction were not disclosed.
About Amplify ETFsAmplify ETFs, sponsored by
Amplify Investments, has over $9.1 billion in assets across its
suite of ETFs (as of 1/26/2024). Amplify’s ETFs deliver expanded
investment opportunities for investors seeking growth, income, and
risk-managed strategies across a range of actively managed and
index-based ETFs. To learn more visit AmplifyETFs.com.
Sales Contact:Amplify ETFs855-267-3837info@amplifyetfs.com |
Media Contacts:Gregory FCA for Amplify ETFsKerry
Davis610-228-2098amplifyetfs@gregoryfca.com |
|
|
* Amplify ETFs analysis based on morningstar.com and ETF.com
data as of 1/26/2024. Carefully consider the Fund’s
investment objectives, risks, charges, and expenses before
investing. This and other information can be found in the Fund’s
statutory and summary prospectuses, which may be obtained
at AmplifyETFs.com.
Read the prospectus carefully before
investing.
For a prospectus, click on BWET and BDRY.
Investing involves risk, including the possible loss of
principal. Shares of any ETF are bought and sold at market price
(not NAV), may trade at a discount or premium to NAV and are not
individually redeemed from the Fund. Brokerage commissions will
reduce returns.
Amplify ETFs are distributed by Foreside Fund Services, LLC.
Amplify Treatments Testi... (AMEX:GERM)
Historical Stock Chart
From Jul 2024 to Aug 2024
Amplify Treatments Testi... (AMEX:GERM)
Historical Stock Chart
From Aug 2023 to Aug 2024